WILLS & ESTATES
WILLS & ESTATES
A will is a legal document that allows you to:
- 1. express how your assets will be distributed after your death
- 2. name your personal representative who will represent your estate after your death, collects the assets of the estate, pays any debts and distributes your estate based on what is stated in your will
- 3. name a guardian for any children who are minors at the time of your death
- 4. create a trust for children and grandchildren, or heirs with special needs
A will ensures that you’ve got a say in what happens to the fruits of a lifetime of your hard work. A will can help relieve stress from your family and loved ones during a time of grief.
In order to be legally binding, it is essential that a last will and testament follow the forms and formalities prescribed under the Wills and Succession Act and Regulations in Alberta. Or else, a will is considered void. Such a situation can create serious legal complications for loved ones seeking to carry out the wishes of the deceased.
A well-crafted will allow you to stipulate to whom you wish to leave your property. You can leave everything that is yours to your spouse, your children or to a charity.
To protect your family, it’s essential to discuss with a skilled wills lawyer with experience in wills and estate planning laws and prepare a legally sound last will and testament.
Succession
A succession is the process of settling one’s estate upon death and distributing property to the heirs after debts are paid (sometimes also called probate).
Succession also refers to the estate a person leaves behind at death.
Give yourself the peace of mind of knowing that your loved ones will be provided for after your passing. At Laws & Beyond, we are knowledgeable regarding the intricacies of Wills and Succession Act in Alberta which governs the transfer of property at the time of death.
Call today to discuss the details of your personal situation with a member of our dedicated, skilled legal team at 403-300-LAWS.
A Calgary wills & estates law firm with experienced & skilled lawyers.
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